GREELEY, COLO. – JBS has committed to achieving net-zero greenhouse gas (GHG) emissions across the company’s global operations and value chains in South America, North America, Europe, the United Kingdom, Australia and New Zealand by 2040. Participation in the initiative includes Pilgrim’s Pride Corp., JBS’s agricultural producer partners, suppliers and customers.
JBS said the company will develop GHG emission reduction targets and provide a time-bound roadmap that provides interim targets consistent with the criteria established by the Science Based Targets initiative for a 1.5°C trajectory. The company will also provide annual updates to ensure transparency and disclose its financial risks linked to climate change, in line with the Task Force on Climate-related Financial Disclosure (TCFD) initiative.
Strategies to achieve the company’s goals for reductions in emissions include:
- Reducing its global scope 1 and 2 emission intensity by at least 30% by 2030 against base year 2019.
- Investing more than $1 billion in incremental capital expenditures over the next decade in emission reduction projects. JBS will award funding for projects to its facilities using a panel consisting of company executives, specialists and academics.
- Eliminating illegal Amazon deforestation from its supply chain – including the suppliers of its suppliers – by 2025, and in other Brazilian biomes by 2030. The company has pledged to achieve zero deforestation across its global supply chain by 2035.
- Using 100% renewable electricity through membership in RE100, a global initiative driving the change to 100% renewable electricity. As part of this effort, JBS pledged to convert to 100% renewable electricity across its global facilities by 2040.
- Fostering innovation by investing $100 million by 2030 in research and development projects to assist producer efforts to strengthen and scale regenerative farming practices, including carbon sequestration and on-farm emission mitigation technologies. The company said this investment will contribute to reducing scope 3 emissions across the value chain.
- Ensuring accountability by measuring performance against environmental goals, including GHG emission reduction targets, across the company. The benchmarks will be part of senior executive compensation considerations, JBS said.
“Climate change is the great challenge of our time and we must act urgently to combat the negative effects of global warming,” said Gilberto Tomazoni, chief executive officer of JBS global. “As one of the most diversified global food companies, we have an opportunity to leverage our scale and influence to help lead a sustainable transformation of agricultural markets that empowers producers, suppliers, customers and consumers. Agriculture can and must be part of the global climate solution. We believe through innovation, investment and collaboration, net zero is within our collective grasp.”